Hoping to get some insight into whether it's worth taking an offer for a senior dev manager role at Roblox. Offer is as follows: $245k base 80k options ($2-3 current spread, I'd guess worth around $15 spread by IPO) vested over 4 years. $50k sign on 10k options granted yearly (strike price will differ) Unlimited PTO No bonus My current pay is as follows for a manager role in Seattle: $220k base 50k profit sharing LTIPs granted yearly, likely worth around $2-3 each vested over 3 years $20k anniversary bonus (one remaining year) 50k LTIPs pending vest in 2 years (which I'd have to give up) ~15% average cash bonus Unlimited PTO I did some math, and if I assume no appreciation of the stock/LTIPs, the Roblox offer comes out to approximately $1.2M over 4 years, while my current pay comes out to around $1.3M. My thoughts are that this offer isn't good enough, even with the title bump, especially when cost of living and taxes in CA are taken into account. The only way it makes any sense is if I think Roblox will 10x in value over 4 years, but at a $2.5B current valuation I'm not certain that makes sense. Any thoughts would be highly appreciated!
My kids like Roblox a bunch
Take it! I live down the street and the area is a nice place to live if you don’t want to commute anymore too
If you honestly believe it can't 10x, you shouldn't join the company.
did @op go
did you take it 80k options over 4 is 20k option per year even at $10 each its 200k. at 15 its 300k over salary . is it error in your math or am I misreading?
You are thinking of RSU’s. Options are different. You have to buy them with your money.
@Crufty Did you end up joining?
☝️
Did you join them?
Yes, I joined. They went up significantly in the offer. Equity has doubled in value in a year. No regrets.
Hi Crufty, were you able to negotiate your tc. My recruiter told me they don't offer sign on. I'm quite surprised by it. Also was there a recent stock split?
Care to share the offer details. I am expecting an offer soon
Roblox is planning to IPO? Haha holy shit I didn’t even know they were making that much money. Take it